October 4, 2024

Tag: Funding

RMAG news

OpenAI now has a $4 billion credit line on top of $6.6 billion in funding

Claudio Ctin2 mins

Keeping ChatGPT running is expensive as heck, so OpenAI needs access to plenty of cash to make sure the lights stay on. A day after the company said it had secured $6.6 billion in funding — the biggest ever funding round for a startup — it confirmed that it has a new $4 billion revolving…

Intel Officially Manages To Get A New Financial Lifeline Through CHIPS Act, Gets Additional $3 Billion In Direct Funding

Intel Officially Manages To Get A New Financial Lifeline Through CHIPS Act, Gets Additional $3 Billion In Direct Funding

Claudio Ctin1 mins

After weeks of urgent negotiations, Intel has finally managed to receive additional grants under the US CHIPS Act, awarded up to a total of $3 billion in direct funding. Intel Receives New Grants By The Biden Administration To Ensure Chipmaker’s Growth & Sustainability [Press Release]: The Biden-Harris Administration announced today that Intel Corporation has been awarded…